CURRENC Group shares rise 20.67% premarket after announcing $400M Tranglo stake sale to reduce debt and advance AI/Web3 initiatives.

CURRENC Group surged 20.67% in premarket trading following its announcement to divest its 60% controlling stake in Tranglo to New Margin Holding for $400 million in cash. The transaction, structured as two $200 million installments, marks the first step in Currenc’s strategic restructuring plan to streamline operations, reduce debt, and fund initiatives in AI, Web3, and digital assets. The divestment underscores the intrinsic value of Tranglo, a cross-border payment hub with 5,000+ bank connections and 140,000+ global cash pickup points, while positioning Currenc to advance its corporate transformation. The deal, supported by New Margin’s capital strength and track record in successful exits, aligns with the company’s broader strategy to unlock shareholder value through asset monetization and business separation.